Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Suspicion is spreading on X that Binance’s $6.3 billion hack may have involved an insider, though no concrete evidence has been presented, Bitcoin.com reported.
Some traders questioned how the hacker was able to steal funds across 10 blockchains in about 20 minutes and argued an exchange insider may have been involved. The speculation intensified after Binance said it had recovered about 80% of the stolen assets, bought the remaining 20% on the market, and plans to release its proof-of-reserves, or PoR, results on Nov. 2. Some users said a reserve snapshot taken only after all stolen assets had been replenished would make it difficult to determine the actual scale of any funding shortfall at the time of the hack.
Meanwhile, blockchain analytics firm TRM Labs assessed that the attack was likely carried out by TraderTraitor, a North Korea-linked hacking group. Binance said it had identified an additional attack vector, but found no evidence that wallet private keys were compromised and maintained that customer assets were unaffected.